Bunker and lubricant supplier Peninsula Petroleum has completed its first LNG bunker supply. The company partnered with Malaysian oil and gas giant Petronas to supply LNG fuel to its South Korean customer H-Line Shipping in Malaysian waters at the end of January
Peninsula said the operation has special relevance as it represents the first LNG bunker delivery to the world’s largest LNG-powered bulk carrier, 180,000-dwt HL Green, on its inaugural voyage. At 2,760 m3, it ranks among the largest LNG bunker deliveries performed to date.
Peninsula’s LNG and Asian teams worked closely with H-Line and Petronas Marine to deliver the deal which chief executive John A Bassadone called “a landmark achievement for Peninsula.”
“I would like to personally thank H-Line and Petronas Marine for their continued trust in us, as without them this deal would not have been possible. The Peninsula approach to traditional marine energy works equally efficiently with more sustainable fuels, without any compromise on product quality or service, so expect to see more activity in this space” said Mr Bassadone.
Peninsula head of business development Nacho De Miguel added, “delivery took place safely and was completed within 20 hours, a record time for the quantity supplied, including the cooling down of an LNG tank. H-Line, Petronas Marine and Peninsula remained in regular dialogue throughout the process and we look forward to working together again on future LNG bunker deliveries.”
Peninsula recently announced the implementation of its LNG bunkering, small-scale LNG business and global sustainability initiative. Mr Bassadone added, “We are also delighted that the sustainability principles of Peninsula fully align with Petronas Marine, H-Line and their charterer POSCO. It is pleasing to be part of a drive towards positive environmental change, alongside these highly respected companies.”
The group is working on multiple deals in strategic bunkering locations worldwide and developing its own LNG bunkering vessels. It is currently in discussions with several shipowners and shipyards to materialise its strategic LNG plan.
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